Juliet Keimrembe‘S Group
Juliet owns a tailoring shop in Katanga in Wandegeya She sells both at retail and wholesale. Juliet works seven days a week. She receives an average of five customers a day. Her major business challenges include ever-increasing prices of clothing materials and the rainy season which disturbs her work because she works from a muddy place. Her monthly expenses include feeding the family and medication. She has been in this business for over five years and with MCDT for four years, servicing her tenth loan working with the same group-mates. Juliet joined MCDT because it was near her home and also because of working in groups. She wants to use this loan to buy more rolls of clothing materials. She aspired to see her business grow bigger and start a tailoring school.
About MCDT SACCOThis loan is administered by MCDT SACCO, a savings and credit institution operating in Kampala, Uganda. The mission of MCDT SACCO is to provide sustainable financial services to the lower strata of Uganda's poor, especially women, for their economic and social development. MCDT's cooperative structure also affords its clients the opportunity to own shares of the organization and benefit from its financial performance. For more on MCDT SACCO, please see our partner page at http://www.kiva.org/partners/112, and join our lending team, Friends of MCDT SACCO, at http://www.kiva.org/team/friends_of_mcdt_sacco.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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